Canada Oil Industry to Shed 7,300 Jobs This Year ...Middle East

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Canada Oil Industry to Shed 7,300 Jobs This Year
source : OILPRICE ( Middle East ) () 24
Canada's oil industry could see another 7,300 jobs lost this year, said the Petroleum Labour Market Information division of Energy Safety Canada, as quoted by Global News. The job loss will be the result of industry consolidation, PetroLMI said, as companies merge to reduce their cost burden. This year, the body sees total direct employment in Canada's oil patch at 160,700, down from 188,800 in 2019. By 2023, this year's number will rise to some 176,000, PetroLMI also said. "Since 2014, we are down almost 59,000 jobs, about 26 per cent of…

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